Aretha Franklin Reportedly Left Behind $8M Tax Debt

Music icon Aretha Franklin handed away over the summer season at 76, abandoning an impenetrable legacy. But in accordance with TMZ, the Queen of Soul additionally left behind an almost $eight million debt with the IRS. Uncle Sam claims she owes greater than $6.three million in again taxes from 2012 to 2018, plus an extra $1.5 million in penalties.

Attorney David Bennett — who represents Franklin’s Estate — says Ms. Franklin settled the “vast majority” of her debt earlier than she died. “The Estate is diligently working to resolve any remaining issues,” he mentioned.

One of Franklin’s ex-attorneys defined the tax lien is the results of a number of audits over the past six years.

But the IRS isn’t the one entity after Franklin’s cash. Another former lawyer filed courtroom paperwork in October, asking her property to pay roughly $54,000 for payments relationship again to 2012. A publishing firm additionally desires $136,000 in royalties for the 1973 track, “Angel.”

Franklin died peacefully at her Detroit residence on August 16. She’d suffered from superior pancreatic most cancers for a few years.

beat making software

Curated

What do you think?

588 points
Upvote Downvote
Legend

Written by micdrop

Content AuthorYears Of MembershipCommunity ModeratorVerified UserUp/Down VoterQuiz MakerPoll MakerStory MakerAudio MakerVideo MakerEmoji Addict
learn to rap

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Comments

0 comments

DeJ Loaf Drops "Go DeJ Go Vol. 1" EP

Chris Brown Accused Of Harassing Alleged Rape Victim